Updated over 8 years ago on . Most recent reply
Problem with high Refinance costs
Hi all
I am looking to refinance my first rental as part of the BRRRR strategy but having real difficulty finding cheap finance (see below for a typical option). Even with a 780 credit score and no debt (other than the mortgage on this rental) I'm looking at $7000 closing costs. I have about $50k tied up in the rental that I'd like to release but can't make it worthwhile. Any thoughts?